Cover
Cover | 12 Months Ended |
Dec. 31, 2021USD ($)shares | |
Cover [Abstract] | |
Document Type | 10-K/A |
Amendment Flag | true |
Amendment Description | “The sole purpose of this Amendment No. 1 to the Annual Report on Form 10-K for the Annual period ended December 31, 2021, of STRONG SOLUTIONS, INC. (the “Company”) filed with the Securities and Exchange Commission on March 31, 2022 (the “Form 10-K”) is to furnish Exhibits 101 to the Form 10-K in accordance with Rule 405 of Regulation S-T. |
Document Annual Report | true |
Document Transition Report | false |
Document Period End Date | Dec. 31, 2021 |
Document Fiscal Period Focus | FY |
Document Fiscal Year Focus | 2021 |
Current Fiscal Year End Date | --12-31 |
Entity File Number | 000-55819 |
Entity Registrant Name | STRONG SOLUTIONS, INC. |
Entity Central Index Key | 0001637242 |
Entity Tax Identification Number | 38-3942046 |
Entity Incorporation, State or Country Code | NV |
Entity Address, Address Line One | 1894 William Street |
Entity Address, Address Line Two | Ste 4-250 |
Entity Address, City or Town | Carson City |
Entity Address, State or Province | NV |
Entity Address, Postal Zip Code | 89701 |
City Area Code | 775 |
Local Phone Number | 434-4451 |
Title of 12(g) Security | Common Stock, $0.0001 par value |
Entity Well-known Seasoned Issuer | No |
Entity Voluntary Filers | No |
Entity Current Reporting Status | Yes |
Entity Interactive Data Current | Yes |
Entity Filer Category | Non-accelerated Filer |
Entity Small Business | false |
Entity Emerging Growth Company | true |
Elected Not To Use the Extended Transition Period | false |
Entity Shell Company | true |
Entity Public Float | $ | $ 12,930 |
Entity Common Stock, Shares Outstanding | shares | 42,051,000 |
Auditor Firm ID | 5041 |
Auditor Name | BF Borgers CPA PC |
Auditor Location | Lakewood, CO |
Balance Sheets
Balance Sheets - USD ($) | Dec. 31, 2021 | Dec. 31, 2020 |
CURRENT ASSETS: | ||
Cash | $ 0 | $ 0 |
Total current assets | ||
Assets of discontinued operations | 17,457 | |
TOTAL ASSETS | 17,457 | |
CURRENT LIABILITIES: | ||
Accounts payable and accrued liabilities | 2,371 | |
Accounts payable – related party | 105,435 | |
Note payable – related party | 30,075 | |
Liabilities of discontinued operations | 146,350 | 143,500 |
Total current liabilities | 284,231 | 143,500 |
Commitments and Contingencies | ||
STOCKHOLDERS’ DEFICIT | ||
Common stock, par value $0.0001 per share; 75,000,000 shares authorized; 42,051,000 and 38,193,000 shares issued and outstanding as December 31, 2021 and December 31, 2020, respectively | 4,205 | 3,819 |
Additional paid in capital | 853,939 | 363,111 |
Accumulated deficit | (1,142,375) | (492,973) |
Total stockholders’ deficit | (284,231) | (126,043) |
TOTAL LIABILITIES AND STOCKHOLDERS’ DEFICIT | $ 17,457 |
Balance Sheets (Parenthetical)
Balance Sheets (Parenthetical) - $ / shares | Dec. 31, 2021 | Dec. 31, 2020 |
Statement of Financial Position [Abstract] | ||
Common Stock, Par or Stated Value Per Share | $ 0.0001 | $ 0.0001 |
Common Stock, Shares Authorized | 75,000,000 | 75,000,000 |
Common Stock, Shares, Outstanding | 42,051,000 | 38,193,000 |
Statements of Operations
Statements of Operations - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Operating expenses | ||
Stock based compensation – related party | $ 460,425 | |
General and Administrative expenses | 164,496 | |
Total operating expense | 624,921 | |
Loss from operations | (624,921) | |
Interest expense | (2,370) | |
Loss from disposition of discontinued operations | (17,061) | |
Total other income (expenses) | (19,431) | |
Net loss from continuing operations | (644,352) | |
Net loss from discontinued operations | (5,050) | (21,200) |
Net loss | $ (649,402) | $ (21,200) |
Net loss per common share – basic and diluted | $ (0.02) | $ 0 |
Weighted average common shares outstanding – basic and diluted | 40,719,953 | 36,293,000 |
Statement of Stockholders' Defi
Statement of Stockholders' Deficit - USD ($) | Common Stock [Member] | Capital Deficiency [Member] | AOCI Attributable to Parent [Member] | Total |
Balance at Dec. 31, 2019 | $ 3,629 | $ 344,301 | $ (457,660) | $ (109,730) |
Beginning balance, shares at Dec. 31, 2019 | 36,293,000 | |||
Stock for cash from NV Shares Service LLC | $ 160 | 15,840 | 16,000 | |
Stock for cash from NV Shares Service LLC, shares | 1,600,000 | |||
Stock for repayment of accrued salary | $ 30 | 2,970 | 3,000 | |
Stock for repayment of accrued salary, shares | 300,000 | |||
Net loss | (35,313) | (35,313) | ||
Stock compensation | $ 75 | 460,425 | 460,500 | |
Common stock issued for cash to related party | 53 | 5,147 | 5,200 | |
Common stock issued for services to related party | 2,581,800 | 258 | 25,256 | |
Balance at Dec. 31, 2020 | $ 3,819.30 | 363,111 | (492,973) | (126,043) |
Ending balance, shares at Dec. 31, 2020 | 38,193,000 | |||
Net loss | (649,402) | (649,402) | ||
Stock compensation | $ 75 | 460,425 | 460,500 | |
Stock compensation, shares | 750,000 | |||
Common stock issued for cash to related party | $ 53 | 5,147 | 5,200 | |
Common stock issued for cash to related party, shares | 526,200 | |||
Common stock issued for services to related party | 2,581,800 | 258 | 25,256 | |
Balance at Dec. 31, 2021 | $ 4,205.30 | $ 853,939 | $ (1,142,375) | $ (284,230) |
Ending balance, shares at Dec. 31, 2021 | 42,051,000 |
Statements of Cash Flows
Statements of Cash Flows - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
OPERATING ACTIVITIES: | ||
Net loss from continuing operations | $ (644,352) | |
Net loss from discontinued operations | (5,050) | |
Net loss | (649,402) | |
Adjustments to reconcile net loss to net cash (used in) operating activities: | ||
Shares issued to related party for services | 25,514 | |
Shares issued to CEO | 460,500 | |
Loss on disposition of discontinued operations | 17,457 | |
Changes in assets and liabilities | ||
Accounts payable and accrued expenses | 105,442 | |
Accrued interest | 2,364 | |
Loan payable – related party | 30,075 | |
NET CASH (USED IN) CONTINUED OPERATING ACTIVITIES | (5,200) | |
NET CASH PROVIDED BY DISCONTINUED OPERATING ACTIVITIES | 2,850 | 153,500 |
NET CASH (USED IN) PROVIDED BY OPERATING ACTIVITIES | (5,200) | 153,500 |
NET CASH PROVIDED BY CONTINUED INVESTING ACTIVITIES | ||
NET CASH USED IN DISCONTINUED INVESTING ACTIVITIES | (25,000) | |
NET CASH USED IN INVESTING ACTIVITIES | (25,000) | |
Common stock issued to related party | 5,200 | |
NET CASH PROVIDED BY CONTINUED FINANCING ACTIVITIES | 5,200 | |
NET CASH USED IN DISCONTINUED FINANCING ACTIVITIES | (126,043) | |
NET CASH PROVIDED BY FINANCING ACTIVITIES | 5,200 | (126,043) |
EFFECT OF EXCHANGE RATE CHANGES | ||
NET INCREASE (DECREASE) IN CASH | 2,457 | |
CASH – BEGINNING OF PERIOD | ||
CASH – END OF PERIOD | 2,457 | |
LESS NET CASH FROM DISCONTINUED OPERATIONS - END OF PERIOD | (2,457) | |
NET CASH FROM CONTINUING OPERATIONS – END OF PERIOD | ||
SUPPLEMENTAL DISCLOSURE OF CASH FLOWS INFORMATION: | ||
Cash paid for income taxes | ||
Cash paid for interest |
DESCRIPTION OF BUSINESS
DESCRIPTION OF BUSINESS | 12 Months Ended |
Dec. 31, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
DESCRIPTION OF BUSINESS | NOTE 1 – DESCRIPTION OF BUSINESS Strong Solutions, Inc. (the “Company”) was incorporated under the laws of the State of Nevada on June 18, 2014 to engage in the business of real estate management, maintenance and rehabilitation and construction equipment rental in Ukraine. The Company provided this service for companies and individuals outside of the United States of America. As a development-stage enterprise, the Company had no operating revenue from December 31, 2020 through June 30, 2021 as a result of lockdowns from COVID 19 in the Ukraine. As a result, a special shareholders meeting was held on March 22, 2021 and a new board of directors elected. A special board meeting was then held on April 5, 2021 at which officers were appointed and all business in the Ukraine cancelled, including office rent for Mr. Guzii, resulting in no Commission Revenue generated from Ukrainian clients. The Company is currently devoting substantially all its present efforts to securing and establishing a new business in the United States. On April 5, 2021 a Special Board Meeting was held at which all contracts, including Mr. Guzii’s office, in the Ukraine were cancelled, effective January 1, 2021, due to the Covid 19 Pandemic and the Company’s focus on new business in the United States. On that same date, David Anderson was appointed President by a majority of the Board of Directors and Eric Stevenson was appointed Treasurer by a majority of the Board of Directors. On April 05, 2021, the Board of Directors unanimously approved issuing 500,000 shares of common stock to each Director as compensation for serving on the Board. The Board of Directors unanimously approved issuing 500,000 shares of common stock to each Officer as compensation for serving as Management for Strong Solutions, Inc. In addition, each Officer will receive $ 10,000 a month in compensation and if no funds are available, the compensation shall accrue. On January 31, 2022, David Anderson resigned as President and member of the board of directors of the Company. On that same date Eric Stevenson was appointed President of the Company on an interim basis by a Quorum of the Board of directors prior to Mr. Anderson’s resignation as a director. |
GOING CONCERN
GOING CONCERN | 12 Months Ended |
Dec. 31, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
GOING CONCERN | NOTE 2 – GOING CONCERN The financial statements have been prepared assuming that the Company will continue as a going concern. Currently, the Company has a cash balance of $ 0 as of December 31, 2021 and net loss from continuing operations of $ 644,352 for the year ended December 31, 2021. These factors raise substantial doubt about the Company’s ability to continue as a going concern. Management believes that the Company’s capital requirements will depend on many factors including the success of our development efforts and our efforts to raise capital. Management also believes the Company needs to raise additional capital for working purposes. There is no assurance that such financing will be available in the future. The financial statements of the Company do not include any adjustments relating to the recoverability and classification of recorded assets, or the amounts and classifications of liabilities that might be necessary should the Company be unable to continue as a going concern. |
SUMMARY OF SIGNIFICANT ACCOUNTI
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | 12 Months Ended |
Dec. 31, 2021 | |
Accounting Policies [Abstract] | |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES | NOTE 3 – SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Cash and Cash Equivalents For purposes of reporting within the statements of cash flows, the Company considers all cash on hand, cash accounts not subject to withdrawal restrictions or penalties, and all highly liquid debt instruments purchased with a maturity of 90 days or less to be cash and cash equivalents. There were cash equivalents of $ 0 at December 31, 2021 and December 31, 2020. Earnings (Loss) per Share In accordance with accounting guidance now codified as FASB ASC Topic 260, “Earnings per Share,” basic earnings (loss) per share is computed by dividing net income (loss) by weighted average number of shares of common stock outstanding during each period. Diluted earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during the period. Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates include the assumptions used in valuation of equity-based transactions, valuation of derivative liabilities and valuation of deferred taxes. Stock Based Compensation The Company measures the cost of services received in exchange for an award of equity instruments based on the fair value of the award. For employees and directors and non-employees, the fair value of the award is measured on the grant date. The fair value amount is then recognized over the period during which services are required to be provided in exchange for the award, usually the vesting period. Stock-based compensation expense is recorded by the Company in the same expense classifications in the consolidated statements of operations, as if such amounts were paid in cash. Income Taxes The Company accounts for income taxes pursuant to FASB ASC Topic 740, Income Taxes The Company maintains a valuation allowance with respect to deferred tax assets. The Company establishes a valuation allowance based upon the potential likelihood of realizing the deferred tax asset and taking into consideration the Company’s financial position and results of operations for the current period. Future realization of the deferred tax benefit depends on the existence of sufficient taxable income within the carry-forward period under the Federal tax laws. Changes in circumstances, such as the Company generating taxable income, could cause a change in judgment about the reliability of the related deferred tax asset. Any change in the valuation allowance will be included in income in the year of the change in estimate. Recent Accounting Pronouncements Other recent accounting pronouncements issued by the FASB, including its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the SEC did not or in management’s opinion will not have a material impact on the Company’s present or future consolidated financial statements. |
COMMITMENTS AND CONTINGENCIES
COMMITMENTS AND CONTINGENCIES | 12 Months Ended |
Dec. 31, 2021 | |
Commitments and Contingencies Disclosure [Abstract] | |
COMMITMENTS AND CONTINGENCIES | NOTE 4 – COMMITMENTS AND CONTINGENCIES The Company is not currently a party to any material legal proceedings, nor is we aware of any other pending or threatened litigation that would have a material adverse effect on our business, operating results, cash flows or financial condition should such litigation be resolved unfavorable. |
RELATED PARTY TRANSACTIONS
RELATED PARTY TRANSACTIONS | 12 Months Ended |
Dec. 31, 2021 | |
Related Party Transactions [Abstract] | |
RELATED PARTY TRANSACTIONS | NOTE 5 – RELATED PARTY TRANSACTIONS Mr. Guzii was our controlling shareholder. He represented the company and provided the services on our behalf to our clients Markus and Protel Management. Mr. Guzii sold his controlling interest to NV Share Services LLC on May 13, 2020. On March 22, 2021 a Special Shareholders Meeting was held at which Mr. Guzii was removed as an officer and director of the Company without prejudice due to the Covid 19 Pandemic, at the request in writing by NV Share Services LLC. On April 5, 2021 a special board meeting was held at which all business in the Ukraine was cancelled, effective January 1, 2021, so that the Company could devote all of its time to finding new business in the United States. We rented office space from Mr. Guzii in Ukraine for $ 450 a month. As of January 1, 2021 we are no longer renting office space from Mr. Guzii. We do not have an employment agreement with Mr. Guzii. A director of Protel Management, Sergii Povaliaiev, also is a shareholder. He holds 25,000 common shares. On February 24, 2021 the Company issued 750,000 shares of common stock to Mr. Andrii Guzii as compensation for services valued at $ 460,500 . On that same date, the Company issued 608,000 shares of common stock to NV Share Services LLC for cash valued at $ 6,080 . On June 15, 2021 the Company issued 1,000,000 shares of common stock to Mr. Eric Stevenson as compensation for services valued at $ 9,882 . On June 15, 2021 the Company issued 1,000,000 shares of common stock to Mr. David Anderson as compensation for services valued at $ 9,882 . On June 15, 2021 the Company issued 500,000 shares of common stock to Mr. Oscar Kaalstad as compensation for services valued at $ 4,943 . During the year 2020, a total of $ 30,075 in company related expenses such as accounting and audit fees, and filing fees were paid by Eric Stevenson. As of December 31, 2020, $ 30,075 and accrued interest of $ 2,364 remains outstanding. During the year 2021 a total of $ 105,435 in salaries were accrued for Eric Stevenson ($ 50,000 ) and David Anderson ($ 55,435 ). As of December 31, 2021, the full amount of $ 105,435 remains outstanding to both individuals. |
COMMON STOCK
COMMON STOCK | 12 Months Ended |
Dec. 31, 2021 | |
Equity [Abstract] | |
COMMON STOCK | NOTE 6 – COMMON STOCK The company authorized 75,000,000 Common shares $ 0.0001 par value. We issued 300,000 shares of common stock to Andrii Guzii in consideration of expenses incurred on December 9, 2020. We issued 800,000 shares of common stock to NV Share Services LLC in consideration of $ 8,000 in cash on December 7, 2020. We issued 400,000 shares of common stock to NV Share Services LLC in consideration of $ 4,000 in cash on August 27, 2020. We issued 400,000 shares of common stock NV Share Services LLC in consideration of $ 4,000 in cash on May 26, 2020. We issued 1,293,000 common shares for cash at a purchase price of $ 0.01 per share to 31 nonaffiliated shareholders. We issued 5,000,000 common shares for cash at a purchase price of $ 0.002 per share to our director Mr.Guzii. 30,000,000 shares were issued to our director Mr.Guzii for repayment of accrued salary on $ 30,000 and $ 270,000 of stock compensation value at $ 0.01 per share. This value was determined based on the previous sale of stock to unrelated parties at 0.01 per share. On February 24, 2021 the Company issued 750,000 of common stock to Mr. Andrii Guzii as compensation for services valued at $ 460,500 . On that same date, the Company issued 608,000 shares of common stock to NV Share Services LLC for cash valued at $ 5,200 and services valued at $ 880 . On June 15, 2021 the Company issued a total of 1,000,000 shares of common stock to Mr. Eric Stevenson as compensation for services as both an officer and director valued at $ 9,882 . On June 15, 2021 the Company issued a total of 1,000,000 shares of common stock to Mr. David Anderson as compensation for services as both an officer and director valued at $ 9,882 . On June 15, 2021 the Company issued 500,000 shares of common stock to Mr. Oscar Kaalstad as compensation for services valued at $ 4,943 . As of December 31, 2021, the Company had issued and outstanding 42,051,000 shares of common stock. |
INCOME TAXES
INCOME TAXES | 12 Months Ended |
Dec. 31, 2021 | |
Income Tax Disclosure [Abstract] | |
INCOME TAXES | NOTE 7 – INCOME TAXES The Company provides for income taxes under FASB ASC 740, Accounting for Income Taxes. FASB ASC 740 requires the use of an asset and liability approach in accounting for income taxes. Deferred tax assets and liabilities are recorded based on the differences between the financial statement and tax bases of assets and liabilities and the tax rates in effect currently. FASB ASC 740 requires the reduction of deferred tax assets by a valuation allowance, if, based on the weight of available evidence, it is more likely than not that some or all of the deferred tax assets will not be realized. In the Company’s opinion, it is uncertain whether they will generate sufficient taxable income in the future to fully utilize the net deferred tax asset. Accordingly, a valuation allowance equal to 100 % of the deferred tax asset has also been recorded resulting in no net deferred tax asset. The cumulative deferred tax asset which is calculated by multiplying a 21 % estimated tax rate by the cumulative net operating loss (NOL) adjusted for the following items: SCHEDULE OF INCOME TAXES For the period ended December 31, 2021 2020 Book loss for the year $ (649,402 ) $ (21,200 ) Adjustments: Accrued expenses 199,014 - Stock based compensation 460,425 - Tax loss for the year 10,037 (21,200 ) Estimated effective tax rate 21 % 21 % Deferred tax asset $ 2,107.74 $ (4,452.00 ) Details for the last period are as follows: For the period ended December 31, 2021 2020 Deferred tax asset $ (2,108 ) $ 4,452 Valuation allowance 2,108 (4,452 ) Current taxes payable - - Income tax expense $ - $ - |
DISCONTINUED OPERATIONS
DISCONTINUED OPERATIONS | 12 Months Ended |
Dec. 31, 2021 | |
Discontinued Operations and Disposal Groups [Abstract] | |
DISCONTINUED OPERATIONS | NOTE 8 – DISCONTINUED OPERATIONS The Company has just two contracts for property management and equipment rental in the Ukraine where the Pandemic has affected our business and as a result the Board of Directors has canceled its contracts with both Protel Management and Marcus effective January 1, 2021. The office rented for the Company has also been canceled as of January 1, 2021. We provide property management services for Protel Management in the Ukraine. We own construction equipment which is rented out to Marcus monthly. Protel’s property is vacant due to the Pandemic. Marcus’ equipment rental stopped due the Pandemic. With no further business interests in the Ukraine, the Company stopped paying office rent as of January 1, 2021, as determined by the Board of Directors. The major classes of assets and liabilities of Strong Solutions, Inc. at December 31, 2021 and 2020 are as follows: SCHEDULE OF DISCONTINUED OPERATIONS December 31, December 31 2021 2020 ASSETS Current assets Cash and cash equivalents $ - $ 2,457 Total current assets - - Non-current assets Equipment, net - 15,000 Assets of discontinued operations $ - $ 17,457 LIABILITIES Current liabilities Related party accrued shareholder salary $ 143,350 $ 140,500 Accounts payable loan from related party 3,000 3,000 Total current liabilities 146,350 143,500 Liabilities of discontinued operations 146,350 143,500 Net (liabilities) assets of discontinued operations $ (146,350 ) $ (126,043 ) |
SUBSEQUENT EVENTS
SUBSEQUENT EVENTS | 12 Months Ended |
Dec. 31, 2021 | |
Subsequent Events [Abstract] | |
SUBSEQUENT EVENTS | NOTE 9 – SUBSEQUENT EVENTS On January 31, 2022, David Anderson resigned as President and member of the board of directors of the Company. On that same date Eric Stevenson was appointed President of the Company on an interim basis by a quorum of the Board of Directors. In accordance with ASC 855 the Company’s management reviewed all material events through the date these financial statements were available to be issued, there was only one material subsequent event. |
SUMMARY OF SIGNIFICANT ACCOUN_2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) | 12 Months Ended |
Dec. 31, 2021 | |
Accounting Policies [Abstract] | |
Cash and Cash Equivalents | Cash and Cash Equivalents For purposes of reporting within the statements of cash flows, the Company considers all cash on hand, cash accounts not subject to withdrawal restrictions or penalties, and all highly liquid debt instruments purchased with a maturity of 90 days or less to be cash and cash equivalents. There were cash equivalents of $ 0 at December 31, 2021 and December 31, 2020. |
Earnings (Loss) per Share | Earnings (Loss) per Share In accordance with accounting guidance now codified as FASB ASC Topic 260, “Earnings per Share,” basic earnings (loss) per share is computed by dividing net income (loss) by weighted average number of shares of common stock outstanding during each period. Diluted earnings (loss) per share is computed by dividing net income (loss) by the weighted average number of shares of common stock, common stock equivalents and potentially dilutive securities outstanding during the period. |
Use of Estimates | Use of Estimates The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting period. Actual results could differ from those estimates. Significant estimates include the assumptions used in valuation of equity-based transactions, valuation of derivative liabilities and valuation of deferred taxes. |
Stock Based Compensation | Stock Based Compensation The Company measures the cost of services received in exchange for an award of equity instruments based on the fair value of the award. For employees and directors and non-employees, the fair value of the award is measured on the grant date. The fair value amount is then recognized over the period during which services are required to be provided in exchange for the award, usually the vesting period. Stock-based compensation expense is recorded by the Company in the same expense classifications in the consolidated statements of operations, as if such amounts were paid in cash. |
Income Taxes | Income Taxes The Company accounts for income taxes pursuant to FASB ASC Topic 740, Income Taxes The Company maintains a valuation allowance with respect to deferred tax assets. The Company establishes a valuation allowance based upon the potential likelihood of realizing the deferred tax asset and taking into consideration the Company’s financial position and results of operations for the current period. Future realization of the deferred tax benefit depends on the existence of sufficient taxable income within the carry-forward period under the Federal tax laws. Changes in circumstances, such as the Company generating taxable income, could cause a change in judgment about the reliability of the related deferred tax asset. Any change in the valuation allowance will be included in income in the year of the change in estimate. |
Recent Accounting Pronouncements | Recent Accounting Pronouncements Other recent accounting pronouncements issued by the FASB, including its Emerging Issues Task Force, the American Institute of Certified Public Accountants, and the SEC did not or in management’s opinion will not have a material impact on the Company’s present or future consolidated financial statements. |
INCOME TAXES (Tables)
INCOME TAXES (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Income Tax Disclosure [Abstract] | |
SCHEDULE OF INCOME TAXES | SCHEDULE OF INCOME TAXES For the period ended December 31, 2021 2020 Book loss for the year $ (649,402 ) $ (21,200 ) Adjustments: Accrued expenses 199,014 - Stock based compensation 460,425 - Tax loss for the year 10,037 (21,200 ) Estimated effective tax rate 21 % 21 % Deferred tax asset $ 2,107.74 $ (4,452.00 ) Details for the last period are as follows: For the period ended December 31, 2021 2020 Deferred tax asset $ (2,108 ) $ 4,452 Valuation allowance 2,108 (4,452 ) Current taxes payable - - Income tax expense $ - $ - |
DISCONTINUED OPERATIONS (Tables
DISCONTINUED OPERATIONS (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Discontinued Operations and Disposal Groups [Abstract] | |
SCHEDULE OF DISCONTINUED OPERATIONS | The major classes of assets and liabilities of Strong Solutions, Inc. at December 31, 2021 and 2020 are as follows: SCHEDULE OF DISCONTINUED OPERATIONS December 31, December 31 2021 2020 ASSETS Current assets Cash and cash equivalents $ - $ 2,457 Total current assets - - Non-current assets Equipment, net - 15,000 Assets of discontinued operations $ - $ 17,457 LIABILITIES Current liabilities Related party accrued shareholder salary $ 143,350 $ 140,500 Accounts payable loan from related party 3,000 3,000 Total current liabilities 146,350 143,500 Liabilities of discontinued operations 146,350 143,500 Net (liabilities) assets of discontinued operations $ (146,350 ) $ (126,043 ) |
DESCRIPTION OF BUSINESS (Detail
DESCRIPTION OF BUSINESS (Details Narrative) - USD ($) | Apr. 05, 2021 | Dec. 31, 2021 |
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items] | ||
Entity Incorporation, Date of Incorporation | Jun. 18, 2014 | |
Director [Member] | ||
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items] | ||
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture | 500,000 | |
Officer [Member] | ||
Deferred Compensation Arrangement with Individual, Excluding Share-based Payments and Postretirement Benefits [Line Items] | ||
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture | 500,000 | |
Salary and Wage, Officer, Excluding Cost of Good and Service Sold | $ 10,000 |
GOING CONCERN (Details Narrativ
GOING CONCERN (Details Narrative) - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
Cash | $ 0 | |
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent | $ 644,352 |
SUMMARY OF SIGNIFICANT ACCOUN_3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Accounting Policies [Abstract] | ||
Debt Instrument, Term | 90 days | |
Cash and Cash Equivalents, at Carrying Value | $ 0 | $ 0 |
RELATED PARTY TRANSACTIONS (Det
RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($) | Jun. 15, 2021 | Feb. 24, 2021 | Dec. 07, 2020 | Aug. 27, 2020 | May 26, 2020 | Dec. 31, 2020 | Dec. 31, 2021 | Dec. 31, 2020 |
Related Party Transaction [Line Items] | ||||||||
Stock Issued During Period, Value, Issued for Services | $ 25,256 | $ 25,256 | ||||||
Stock Issued During Period, Value, New Issues | 5,200 | 5,200 | ||||||
Due to Related Parties, Current | $ 30,075 | 30,075 | ||||||
Increase (Decrease) in Interest Payable, Net | $ 2,364 | 2,364 | ||||||
Accrued Salaries | 105,435 | |||||||
Eric Stevenson [Member] | ||||||||
Related Party Transaction [Line Items] | ||||||||
Accrued Salaries, Current | 50,000 | |||||||
David Anderson [Member] | ||||||||
Related Party Transaction [Line Items] | ||||||||
Accrued Salaries, Current | $ 55,435 | |||||||
Sergii Povaliaiev [Member] | ||||||||
Related Party Transaction [Line Items] | ||||||||
[custom:CommonSharesHolding-0] | 25,000 | |||||||
Mr. Andrii Guzii [Member] | ||||||||
Related Party Transaction [Line Items] | ||||||||
Payments for Rent | $ 450 | |||||||
Stock Issued During Period, Shares, Issued for Services | 750,000 | |||||||
Stock Issued During Period, Value, Issued for Services | $ 460,500 | |||||||
Stock Issued During Period, Shares, New Issues | 5,000,000 | |||||||
NV Share Services LLC [Member] | ||||||||
Related Party Transaction [Line Items] | ||||||||
Stock Issued During Period, Shares, New Issues | 608,000 | 800,000 | 400,000 | 400,000 | ||||
Stock Issued During Period, Value, New Issues | $ 6,080 | |||||||
Mr. Eric Stevenson [Member] | ||||||||
Related Party Transaction [Line Items] | ||||||||
Stock Issued During Period, Shares, Issued for Services | 1,000,000 | |||||||
Stock Issued During Period, Value, Issued for Services | $ 9,882 | |||||||
Related Party Transaction, Expenses from Transactions with Related Party | $ 30,075 | |||||||
Mr. David Anderson [Member] | ||||||||
Related Party Transaction [Line Items] | ||||||||
Stock Issued During Period, Shares, Issued for Services | 1,000,000 | |||||||
Stock Issued During Period, Value, Issued for Services | $ 9,882 | |||||||
Mr. Oscar Kaalstade [Member] | ||||||||
Related Party Transaction [Line Items] | ||||||||
Stock Issued During Period, Shares, Issued for Services | 500,000 | |||||||
Stock Issued During Period, Value, Issued for Services | $ 4,943 |
COMMON STOCK (Details Narrative
COMMON STOCK (Details Narrative) - USD ($) | Jun. 15, 2021 | Feb. 24, 2021 | Dec. 09, 2020 | Dec. 07, 2020 | Aug. 27, 2020 | May 26, 2020 | Dec. 31, 2021 | Dec. 31, 2020 |
Defined Benefit Plan Disclosure [Line Items] | ||||||||
Common Stock, Shares Authorized | 75,000,000 | 75,000,000 | ||||||
Common Stock, Par or Stated Value Per Share | $ 0.0001 | $ 0.0001 | ||||||
Proceeds from Issuance of Common Stock | $ 5,200 | |||||||
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture | 460,500 | 460,500 | ||||||
Stock Issued During Period, Value, Issued for Services | 25,256 | 25,256 | ||||||
Stock Issued During Period, Value, New Issues | $ 5,200 | $ 5,200 | ||||||
Common Stock, Shares, Issued | 42,051,000 | |||||||
Mr. Andrii Guzii [Member] | ||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||
Stock Issued During Period, Shares, Other | 300,000 | |||||||
Stock Issued During Period, Shares, New Issues | 5,000,000 | |||||||
Shares Issued, Price Per Share | $ 0.01 | |||||||
Share Price | $ 0.002 | |||||||
Shares issued for repayment of salary, shares | 30,000,000 | |||||||
Shares issued for repayment of salary, value | $ 30,000 | |||||||
Shares Issued, Value, Share-based Payment Arrangement, after Forfeiture | $ 270,000 | |||||||
Stock Issued During Period, Shares, Issued for Services | 750,000 | |||||||
Stock Issued During Period, Value, Issued for Services | $ 460,500 | |||||||
NV Share Services LLC [Member] | ||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||
Stock Issued During Period, Shares, New Issues | 608,000 | 800,000 | 400,000 | 400,000 | ||||
Proceeds from Issuance of Common Stock | $ 8,000 | $ 4,000 | $ 4,000 | |||||
Stock Issued During Period, Value, New Issues | $ 6,080 | |||||||
NV Share Services LLC [Member] | Cash [Member] | ||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||
Stock Issued During Period, Value, New Issues | 5,200 | |||||||
NV Share Services LLC [Member] | Services [Member] | ||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||
Stock Issued During Period, Value, New Issues | $ 880 | |||||||
31 Non-affiliated Shareholders [Member] | ||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||
Stock Issued During Period, Shares, New Issues | 1,293,000 | |||||||
Shares Issued, Price Per Share | $ 0.01 | |||||||
Unrelated Parties [Member] | ||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||
Sale of Stock, Price Per Share | $ 0.01 | |||||||
Mr. Eric Stevenson [Member] | ||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||
Stock Issued During Period, Shares, Issued for Services | 1,000,000 | |||||||
Stock Issued During Period, Value, Issued for Services | $ 9,882 | |||||||
Mr. David Anderson [Member] | ||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||
Stock Issued During Period, Shares, Issued for Services | 1,000,000 | |||||||
Stock Issued During Period, Value, Issued for Services | $ 9,882 | |||||||
Mr. Oscar Kaalstade [Member] | ||||||||
Defined Benefit Plan Disclosure [Line Items] | ||||||||
Stock Issued During Period, Shares, Issued for Services | 500,000 | |||||||
Stock Issued During Period, Value, Issued for Services | $ 4,943 |
SCHEDULE OF INCOME TAXES (Detai
SCHEDULE OF INCOME TAXES (Details) - USD ($) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Income Tax Disclosure [Abstract] | ||
Book loss for the year | $ (649,402) | $ (21,200) |
Accrued expenses | 199,014 | |
Stock based compensation | 460,425 | |
Tax loss for the year | $ 10,037 | $ (21,200) |
Effective Income Tax Rate Reconciliation, Percent | 21.00% | 21.00% |
Deferred tax asset | $ 2,107.74 | $ 4,452 |
Deferred tax asset | (2,107.74) | (4,452) |
Valuation allowance | 2,108 | 4,452 |
Valuation allowance | (2,108) | (4,452) |
Current taxes payable | ||
Income tax expense |
INCOME TAXES (Details Narrative
INCOME TAXES (Details Narrative) | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Income Tax Disclosure [Abstract] | ||
[custom:DeferredTaxValuationAllowance-0] | 100.00% | |
Effective Income Tax Rate Reconciliation, Percent | 21.00% | 21.00% |
SCHEDULE OF DISCONTINUED OPERAT
SCHEDULE OF DISCONTINUED OPERATIONS (Details) - USD ($) | Dec. 31, 2021 | Dec. 31, 2020 |
Discontinued Operations and Disposal Groups [Abstract] | ||
Cash and cash equivalents | $ 2,457 | |
Total current assets | ||
Equipment, net | 15,000 | |
Assets of discontinued operations | 17,457 | |
Related party accrued shareholder salary | 143,350 | 140,500 |
Accounts payable loan from related party | 3,000 | 3,000 |
Total current liabilities | 146,350 | 143,500 |
Liabilities of discontinued operations | 146,350 | 143,500 |
Net (liabilities) assets of discontinued operations | $ (146,350) | $ (126,043) |